Radiant Other Operating Expenses from 2010 to 2024
| RLGT Stock | USD 5.28 0.13 2.52% |
Other Operating Expenses | First Reported 2005-03-31 | Previous Quarter 199.4 M | Current Value 185.3 M | Quarterly Volatility 100.7 M |
Check Radiant Logistics financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Radiant main balance sheet or income statement drivers, such as Interest Expense of 2.4 M, Selling General Administrative of 37.3 M or Other Operating Expenses of 1.7 B, as well as many exotic indicators such as Price To Sales Ratio of 0.2, Dividend Yield of 0.0094 or PTB Ratio of 3.77. Radiant financial statements analysis is a perfect complement when working with Radiant Logistics Valuation or Volatility modules.
Radiant | Other Operating Expenses |
Latest Radiant Logistics' Other Operating Expenses Growth Pattern
Below is the plot of the Other Operating Expenses of Radiant Logistics over the last few years. Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Radiant Logistics. It is also known as Radiant Logistics overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. It is expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production. Radiant Logistics' Other Operating Expenses historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Radiant Logistics' overall financial position and show how it may be relating to other accounts over time.
| Other Operating Expenses | 10 Years Trend |
|
Other Operating Expenses |
| Timeline |
Radiant Other Operating Expenses Regression Statistics
| Arithmetic Mean | 738,006,189 | |
| Geometric Mean | 187,434,553 | |
| Coefficient Of Variation | 71.04 | |
| Mean Deviation | 399,005,023 | |
| Median | 778,149,000 | |
| Standard Deviation | 524,281,652 | |
| Sample Variance | 274871.3T | |
| Range | 1.7B | |
| R-Value | 0.77 | |
| Mean Square Error | 122213.6T | |
| R-Squared | 0.59 | |
| Significance | 0.0009 | |
| Slope | 89,829,619 | |
| Total Sum of Squares | 3848197.5T |
Radiant Other Operating Expenses History
About Radiant Logistics Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Radiant Logistics income statement, its balance sheet, and the statement of cash flows. Radiant Logistics investors use historical funamental indicators, such as Radiant Logistics's Other Operating Expenses, to determine how well the company is positioned to perform in the future. Although Radiant Logistics investors may use each financial statement separately, they are all related. The changes in Radiant Logistics's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Radiant Logistics's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Radiant Logistics Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Radiant Logistics. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Other Operating Expenses | 1.6 B | 1.7 B |
Pair Trading with Radiant Logistics
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Radiant Logistics position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Radiant Logistics will appreciate offsetting losses from the drop in the long position's value.Moving together with Radiant Stock
| 0.77 | EXPD | Expeditors International | PairCorr |
Moving against Radiant Stock
| 0.82 | AIRT | Air T Inc | PairCorr |
| 0.78 | AL | Air Lease | PairCorr |
| 0.69 | SGLY | Singularity Future Upward Rally | PairCorr |
| 0.46 | FDX | FedEx Financial Report 18th of June 2024 | PairCorr |
The ability to find closely correlated positions to Radiant Logistics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Radiant Logistics when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Radiant Logistics - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Radiant Logistics to buy it.
The correlation of Radiant Logistics is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Radiant Logistics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Radiant Logistics moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Radiant Logistics can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of Radiant Logistics Correlation against competitors. For more information on how to buy Radiant Stock please use our How to Invest in Radiant Logistics guide.Note that the Radiant Logistics information on this page should be used as a complementary analysis to other Radiant Logistics' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
Complementary Tools for Radiant Stock analysis
When running Radiant Logistics' price analysis, check to measure Radiant Logistics' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Radiant Logistics is operating at the current time. Most of Radiant Logistics' value examination focuses on studying past and present price action to predict the probability of Radiant Logistics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Radiant Logistics' price. Additionally, you may evaluate how the addition of Radiant Logistics to your portfolios can decrease your overall portfolio volatility.
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Is Radiant Logistics' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Radiant Logistics. If investors know Radiant will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Radiant Logistics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.80) | Earnings Share 0.13 | Revenue Per Share 17.553 | Quarterly Revenue Growth (0.24) | Return On Assets 0.0118 |
The market value of Radiant Logistics is measured differently than its book value, which is the value of Radiant that is recorded on the company's balance sheet. Investors also form their own opinion of Radiant Logistics' value that differs from its market value or its book value, called intrinsic value, which is Radiant Logistics' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Radiant Logistics' market value can be influenced by many factors that don't directly affect Radiant Logistics' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Radiant Logistics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Radiant Logistics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Radiant Logistics' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.